The Financial Services Roundtable (FSR) and its technology policy division, BITS, today responded to the CFPB’s request for information concerning consumers’ access to aggregated financial account and account-related data. In its response letter, FSR/BITS highlighted the importance of innovation and collaboration while outlining five core elements policymakers, market participants, and the Bureau should consider in assessing this evolving ecosystem.
The Financial Services Roundtable’s (FSR) technology policy division BITS submitted a regulatory comment letter to financial agencies regarding the advanced notice of proposed rulemaking, “Enhanced Cyber Risk Management Standards” and urged adoption of a risk-based approach to cybersecurity regulation.
The Financial Services Roundtable (FSR) today testified on the importance of alternative data as a tool for innovation at a Consumer Financial Protection Bureau (CFPB) field hearing in Charleston, WV. Francis Creighton, FSR’s Executive Vice President of Government Affairs, delivered the following opening statement:
Urges Modernizing Financial Regulation to Grow the Economy, Create Jobs, and Protect Taxpayers and Consumers WASHINGTON, D.C. – The Financial Services Roundtable (FSR) today unveiled its 2017 legislative priorities with...